LOGINNotable Hit 1: (JWN:NYSE) On Thursday August 24, 2023 Nordstrom, Inc. (JWN) posted revenues of $3.77 bn beating the mean analyst estimates of $3.67 bn and in the same direction as Advan's forecasted sales. The revenue decreased 7.9% YoY-following Advan's foot traffic data decrese of 10.1% YoY across all of its stores in Q2 2023. The stock closed down 4.3% from previous close. Advan's footfall data have a correlation of 0.97 on a YoY basis with JWN's top-line revenue over the last 14 quarters.
Notable Hit 2: (BURL:NYSE) On Thursday August 24, 2023 Burlington Stores, Inc. (BURL) posted revenues of $2.17 bn beating the mean analyst estimates of $2.16 bn and in the same direction as Advan's forecasted sales. The revenue increased 9.2% YoY- following Advan's foot traffic data increase of 21.8% YoY across all of its stores in Q2 2023. Advan's footfall data have a correlation of 0.88 on a YoY basis with BURL's top-line revenue over the last 14 quarters.
